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Commodity sector lit up bright red

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Comments (10)
  • ddearborn
    , contributor
    Comments (129) | Send Message
     
    Hmmm

     

    What a surprise another negative blurb on gold. Of course not one of the underlying forces that should be driving gold up have gone anywhere. Even with the "tapering" the FED is still pumping well over half a trillion dollars into the markets. Nothing has been done to mitigate the 30 Trillion already forced into the markets, the deficit spending is continuing unabated. The FED's (meaning the tax payer's of course) balance sheet has ballooned to over 4 TRILLION. the Economy is still on the verge of collapse. China and the Yuan are still going gang busters. More countries are dumping US treasuries. etc. etc. etc. And despite all protests by the FED and the US government to the contrary inflation is still hovering near double digits.

     

    Oh and lets not forget that the investigation over price fixing of gold and silver is slowing heading going into high gear. And why is it that so much of that 30 trillion largesse was directed at foreign Banks, corporations and individuals. I thought the "FED" was created and its job was to serve the American people. Obviously I am totally confused.

     

    But lets not let the facts and reality get in the way of a good old fashion price fixing swindle. After all this is a primary means of profit for the FED and its cronies, Big Wall Street and big banks. And who cares if the sheep get shorn one more time. After all, it is by definition these days, the American way.
    20 Mar, 08:40 AM Reply Like
  • toosmarttofail
    , contributor
    Comments (579) | Send Message
     
    I fought the Fed, and the...Fed won.
    I fought the Fed, and the...Fed won.
    20 Mar, 08:45 AM Reply Like
  • pat45
    , contributor
    Comments (333) | Send Message
     
    Watch gold for buying... it is in beginning uptrend.... wait for bottom... gold buying season for weddings soon
    20 Mar, 08:51 AM Reply Like
  • sheeple123jump
    , contributor
    Comments (338) | Send Message
     
    I kinda like the chances to see gold fall to 1280 again for now, Pat, do you have any bargain targets youre looking at ?
    21 Mar, 01:59 AM Reply Like
  • june1234
    , contributor
    Comments (2630) | Send Message
     
    Replay of reaction last May to Ben's "pearls of wisdom", all asset classes getting dumped, bonds lost 20% of their value , also a preview of what will happen if/when rates ever do rise too much.New Zealand recently raised rates as have Brazil and Turkey, predictable results. Long term you can't fix a debt problem with more debt, can only be done by restructuring that debt which the powers to be are determined to never do
    20 Mar, 08:54 AM Reply Like
  • cfetrader
    , contributor
    Comments (198) | Send Message
     
    It seems that a (well known) big seller, who bought silver at 20 $, is pushing the price down with great conviction totally devastating any attempt to make a reasonable technical chart analysis, apart from identifying support points such as 20.5$ (probably broken by now) and 19$.

     

    The standard Elliot A-B-C wave formation is complete, we had Adam-Eve double bottom pattern, plus divergence with major indices. It bothers me that one firm is trying to destroy all these positive signs simply because they overbought the precious metal.

     

    In conclusion, I wish to address my many thanks for giving us the opportunity to buy silver at low prices, and await eagerly prices at and possibly well below the 19 $ level. I remain firmly longterm bullish on this precious metal.
    20 Mar, 09:19 AM Reply Like
  • toosmarttofail
    , contributor
    Comments (579) | Send Message
     
    This is the end of the "middle-finger pattern" of a quick rise, and quick fall. We are now in the "third knuckle" of the fist.
    20 Mar, 03:16 PM Reply Like
  • sheeple123jump
    , contributor
    Comments (338) | Send Message
     
    hey, isn't 19 cheap enough for you?
    21 Mar, 02:01 AM Reply Like
  • Hank890
    , contributor
    Comments (1111) | Send Message
     
    As rates rise again, finally,... so will the delayed inflation.

     

    Metals may dip in the shortest term,....but they will be back as interest rates rise, probably before the end of 2014, and as net economic activity continues rising slowly.

     

    My take----metals may become bargains in the coming months;...wait for an approach toward previous multi-year lows,.....
    20 Mar, 12:48 PM Reply Like
  • sheeple123jump
    , contributor
    Comments (338) | Send Message
     
    I would think after looking at spot golds chart, bargain shoppers ought to start buying anywhere below 1310, and all points below that.
    The way gold was levitating up to 1392....when the key technicals were showing a lot of resistance from 1280 /1300/1325, etc all the way up, and nary a pullback, inspired by the Ukrainian chaos,or whatever global explanation of the day, ....I didn't think we might ever see a chance to buy 1300 again. but now, in 4 straight days ,collapsing back down, its just like ole times again.... wheee....

     

    but I'm not sure I would advise folks to sit and wait for 1200 gold before they make a decision. .....
    21 Mar, 02:05 AM Reply Like
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